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Title:

Optimal Asset Allocation in Life Insurance: The Impact of Regulation.

Document type:
Zeitschriftenaufsatz
Author(s):
Chen, A.; Hieber, P.
Non-TUM Co-author(s):
ja
Cooperation:
international
Abstract:
In a typical equity-linked life insurance contract, the insurance company is entitled to a share of return surpluses as compensation for the return guarantee granted to the policyholders. The set of possible contract terms might, however, be restricted by a regulatory default constraint — a fact that can force the two parties to initiate sub-optimal insurance contracts. We show that this effect can be mitigated if regulatory policy is more flexible. We suggest that the regulator implement a traf...     »
Intellectual Contribution:
Discipline-based Research
Journal title:
ASTIN Bulletin
Journal listet in FT50 ranking:
nein
Year:
2016
Journal volume:
No. 3
Journal issue:
Vol. 46
Pages contribution:
605-626
Fulltext / DOI:
doi:10.1017/asb.2016.12
Judgement review:
0
Key publication:
Nein
Peer reviewed:
Ja
Commissioned:
not commissioned
Technology:
Nein
Interdisciplinarity:
Nein
Mission statement:
;
Ethics and Sustainability:
Nein
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